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Bulls Look To Recover Neckline *RES 4:...>

GOLD TECHS
GOLD TECHS: Bulls Look To Recover Neckline
*RES 4: $1312.3 - High Mar 28 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1297.0 - Downtrend resistance from Feb highs 
*RES 1: $1282.7 - High Apr 25 
*PRICE: $1280.3 @ 06:04 GMT Apr 26 
*SUP 1: $1266.3 - Low Apr 23 
*SUP 2: $1252.1/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.5 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold continues to trade below neckline support with bulls looking to recover
yesterday's high at $1282.7 to improve the outlook. Above here would open down
trendline resistance from the Feb highs at $1297.0 ahead of the April 10 high.
On the downside bears look to take out Tuesday's low at $1266.3 to build
downside momentum toward the 200-dma/Dec 10 high at $1252.1/1249.6. 

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